Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-08-10
TNE HgTEL Rs8OelkTloA
Anether Large and Emthu-
sIaesis Meetang ef the
Orsanaxatisn.


No p1hale snssrpriss sTsr pzoisatsd IN
EsAssle has met with q more ananiu0na
approvai and more earnest sappoet than
Ne m1ssment 70 rive 10 he eitY . nsw
and sIsRsst hotel. Ths sonniitss ~
potnfsd 70 sssuss salscriplisas % he
capital stoek Of The Esattls Hotel AnO-
eiAtiaa has m@t with uniooked-for SOC
osss. At the a5iourned messing Of The
company hsid af he Eeoms of The
Chamber q OommsEes laat evening The
oommittss o. OFRnnieats0a fAro1eh IL
Chairman. ssdRs Burke. reported that
owing 10 ths demand for siook II the
coEposation and ths hearty suppoEt that
vas being accorded 10 The movsneni By
he eitiEsas. u bad bean determined 10
inessaas The capital stock. The action
Of the eo@mittes vas unanimousiy raii-
nsda ne articles Of incorporation Of
che ASSOCIATIONS g. submitted 10 the
nesting were approved and viii be dlsd
today.
In ne abssnss Of JudRe Hoys. The
meeting last evening wa presided over
By Bailey Gatasrt. Nj. Gatxsrt. Who
With bis usual public spirit has sub
ssribed largely 20 the stock OF tie new
company. e1pransed himseif as veil
pleased With tue outIook, and pEsdicted
that Ia the near futaxe Seakfls would
have 9 hotel asoond 10 noue on the Pa
eilc coast north Of San Francisco.
Upoa motion Of yadee BuKke q resolu-
ton uas passed anshorizing tbs Board
of Trustees, consisting Of MessEs.
StesaFt, Lowman and Heilbront 30 take
all the necessary steps 10 secure the
Occidental Hotel and 30 remodel and
enlarge IL, and In every way possible 10
carry ous tbs aims Of she company.
This act Of the association makes the
success Of the undertaking. assured, end
means the investment Of Q large
amount Of capital. The astnai cost Of
the hoteI Is it nov stands, exclusive Of
ihe land, Il $4,000. The cost Of re-
modelling and enlaFRinG IL upon the
plan proposed, which 10 70 extend both
wings Of tke hotel back 30 Second street
and thoroughly Fepovate the portion of
d nov standing, viii require al outlay
Of about $4,000 This entire property,
which With the land viii Be worth noe
lar from $4,000 yin Be acquired
By the company under the
terms Of the lease. In addition
10 the property thus acquired
The company wili have q cash reserve
land Of 10000 10 ensure the successful
Of the hotel during the
period Of the lease, which viii be for
Ihree years, With the privilege Of renew |
81 for three years more. With an in |
restmsnf or thIa magnitude, there 10 no |
reason TO doubt that the new hotel win |
Do eli that It's propriet0Fs deaife u TO |
Do. In surrsndeFing his hotel 10 the |
company for the purpose OF having Il /
made substantially 9 new house, Mr.. |
Collins 10 doing pfaiBeWcTthy cot and
Q demonstrating thn1 be has the best /
interests Of the city al heaFt. UndeR 1
he management ofa company like the
me organized. composed Of the leading
,apitaiisfs Of the city, many improve
nents will be practicable that an indi-
Itdual oeuId hardly h0ps to accom-
,lish.
Az the close Of the meeting Of the
stockholders, the Board Of Trustees met
md organized By thu choice Of the fol
owing Officers: President, A. b Stew
n; Treasurer, ]. ID. Lowman; Seefe-
AIRY, q. II. Hebron.
Il IL expected that the lease will be
and the new manage /
nent enter into ooatFol Ia few days.
OIL. auA x A.nma mazda aiamRnuna